Funding you earn now, next payment 23:00 UTC+0.0382%/8h= +41.8% APRnext payment +$0.48 per $10,000 · paid last 24h +0.035%
Price spread now: Hyperliquid against Extended−0.005%7-day average +0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.005%, 7d avg +0.115%
=Together, before fees+0.152%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.120% cheaper against Extended than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.115%). If the spread goes back, that is −$12 on $10k: about 25 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XLM-USD | 0.2176 | 0.0104 | pay 0.0013% / 1h | 54m 01s | $195K | $1.6M | 10x |
| Short | Hyperliquid XLM | 0.2176 | 0.0486 | get 0.0061% / 1h | 54m 01s | $12.3M | $6.0M | 5x |
Extended XLM-USD
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $80.16
- Price spread: −0.005% → +0.115%
- −$12.05
- Slippage, 4 orders
- −$14.59
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $39.52
- Costs to cover
- 0.286%
- Break-even
- 3.5 days
Slippage from Extended: live order book, 5 min ago; Hyperliquid: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 5 min ago | 3.00 bp | 6.6 bp −$7 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.23 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
XLM on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2177 | +0.026% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2177 | +0.020% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2176 | −0.024% | $591K | $799K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2175 | −0.062% | $56.5M | $147.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2174 | −0.102% | $44.1M | $42.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2173 | −0.125% | $13.2M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2175 | −0.056% | $4.0M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2176 | +0.004% | $25.9M | $25.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2175 | −0.047% | $14.6M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2174 | −0.093% | $26.0M | $18.5M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDC | +0.0100% | 8h | 0.2175 | −0.079% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | −0.041% | $242K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2171 | −0.256% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2175 | −0.067% | $604K | $610K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2167 | −0.423% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2177 | +0.036% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2175 | −0.037% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2175 | −0.033% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2180 | +0.160% | $201K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2176 | −0.019% | $9.2M | $9.1M | 50x | as long as short |
| Extended XLM-USDlong | +0.0104% | 1h | 0.2176 | long leg | $195K | $1.6M | 10x | |
| Phoenix XLM | +0.0187% | 1h | 0.2170 | −0.304% | $5K | $41K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2181 | +0.211% | $2.4M | $6.3M | 75x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0166% | 1h | 0.2176 | −0.015% | $45K | — | 100x | as long as short |
| Backpack XLM_USDC_PERP | +0.0400% | 1h | 0.2176 | −0.015% | $103K | $239K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2179 | +0.133% | $231K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2156 | −0.929% | $116 | $185K | 12x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0485% | 1h | 0.2178 | +0.082% | $541K | $174K | 25x | as long as short |
| Hyperliquid XLMshort | +0.0486% | 1h | 0.2176 | −0.005% | $12.3M | $6.0M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0502% | 1h | 0.2177 | +0.038% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLM | +0.0768% | 1h | 0.2179 | +0.123% | $429K | $804K | 5x | as long as short |
BingX XLM-USDC
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Phoenix XLM
BloFin XLM-USDT
GMX XLM/USD [WBTC.b-USDC]
Backpack XLM_USDC_PERP
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Deribit XLM_USDC-PERPETUAL
Kraken Futures PF_XLMUSD
Lighter XLM